Vanguard Information Technology ETF $VGT Shares Bought by Safeguard Investment Advisory Group LLC

Safeguard Investment Advisory Group LLC grew its stake in Vanguard Information Technology ETF (NYSEARCA:VGT) by 717.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,415 shares of the exchange traded fund’s stock after acquiring an additional 5,630 shares during the period. Safeguard Investment Advisory Group LLC’s holdings in Vanguard Information Technology ETF were worth $767,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Vanguard Information Technology ETF by 1.6% in the first quarter. Bank of America Corp DE now owns 15,105,780 shares of the exchange traded fund’s stock valued at $10,539,605,000 after purchasing an additional 241,421 shares during the period. JPMorgan Chase & Co. increased its holdings in Vanguard Information Technology ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after purchasing an additional 252,341 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Vanguard Information Technology ETF by 657.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,731,562 shares of the exchange traded fund’s stock valued at $565,516,000 after purchasing an additional 4,107,038 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Vanguard Information Technology ETF by 693.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,421,267 shares of the exchange traded fund’s stock valued at $289,390,000 after buying an additional 2,116,095 shares during the period. Finally, Morgan Stanley grew its position in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock worth $1,621,574,000 after buying an additional 25,901 shares in the last quarter.

Vanguard Information Technology ETF Stock Performance

VGT stock opened at $119.13 on Thursday. The company’s 50 day moving average price is $117.10 and its 200 day moving average price is $107.57. Vanguard Information Technology ETF has a fifty-two week low of $83.09 and a fifty-two week high of $126.00. The firm has a market capitalization of $146.04 billion, a price-to-earnings ratio of 34.55 and a beta of 1.34.

About Vanguard Information Technology ETF

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.